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20121220
20121220
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KQED (PBS) 2
KRCB (PBS) 1
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
PBS
Dec 20, 2012 12:00am PST
: you're in new york city for a speech at the manhattan institute. >> i did that last night and had some meetings on wall street, seeing them there later. >> rose: so what's your message about the british economy to manhattan institute as well as the mayor and wall street? >> well, the basic message is britain is open for business. if you want to come and invest in a country that is dealing with its problems, cutting its business taxes, providing opportunities for companys to go britain is the place. i think we're doing better. >> rose: you do? >> i certainly do. >> rose: the numbers don't look like that. >> well, actually, look at the u.k. compared to many western economies, we are getting our deficit down, it's fallen by 25% in the last couple years. unemployment is falling. >> rose: falling? >> well, the last four -- >> rose: in the last year? >> it's fallen below 8% in the last year. and the last monthly fall was the largest single monthly fall of unemployment in over a decade. so we've still got a long road to go. it's a difficult road to walk. i've inherited a set of problems that
PBS
Dec 20, 2012 12:00pm PST
largest infrastructure project in the western world is a new train line going underneath the city of london. so government has a role so i wouldn't characterize it as get out of the way. but i would say government get its costs under control. government understands because when it's consuming as it was when i became a chancellor, close to 48% of national income, that's simply unaffordable. and unless you're prepared to tackle the cost of government, the cost of individual programs, the cost of entitlements than, frankly, you are just delaying and making worse the resolution of a country's problems. >> rose: five years from now you have have the debt under control? >> well, the deficit is coming down. we hope to have the debt falling as a percentage of national income by 2016, and we are aiming to get the budget into into balance 2017. now, of course i would like all this to happen sooner but one of the things i've always sought to do is not be inflexible about this, not be ideological about this but say, look, we've been hit by an external shock, we were hit by the euro zone crisis t
Search Results 0 to 2 of about 3 (some duplicates have been removed)